450,000 £

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10 Bed HMO Opportunity

7 Bed Semi Detached with 3 Reception Rooms and a Study Room

Elm Avenue, Long Eaton, Nottingham, NG10 4LR

Purchase Price = £450,000

Market Value = £495,000

Finder’s Fee = £5,000 + Vat

Potential Gross Income = £3,900 pcm = £46,800 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £1,657 pcm = £19,884 per annum

Self managed = £2,125 pcm = £25,500 per annum

For a limited time only, we have managed to secure a potentially 10 Bed HMO in Nottingham.

The current owner is happy for any prospective purchaser to go and get planning for either a large HMO or alternative use ie apartments – thus a subject to planning deal.

The property is ready for someone to take control, get HMO Licence and use as HMO to Students / Professionals or even the possibility of Serviced Accomodation and could achieve great cashflow.

There is an outbuilding that can be refubished or extended to a 1 bed bungalow subject to planning permission that could either be sold or rented. The house could also be turned into flats and sold subject to planning permission.

The property is conveniently situated in a location within proximity to great transportation links, local shops and amenities, and walking distance to Long Eaton Town Centre.